Question 1 (25 marks) Savory Sweet Ltd. had a September 30 year end. Savory Sweet Ltd.'s June 30, 2018 balance sheet recorded the following: Accounts Receivable $ 400,000 Allowance for Doubtful Accounts__ 20,000) Throughout Savory Sweet Ltd.'s last quarter of 2018, Savory Sweet Ltd. finalized the following selected transactions: Sept. 29: Wrote off the following accounts receivables as uncollectible: Connie Downs $ 3,000 Dennis Jade 3,200 Evan Sanders 2,100 Sept. 30: Recorded bad debts expense based on the aging of accounts receivable, as follows: Accounts Receivable Total - $ 420,000 Estimated % Uncollectible L30 Days $ 250,000 0.1% Age of Accounts 31-60 Days 61-90 Days Over 90 Days $ 100,000 $40,000 N $ 30,000 0.4% 0.5% 30% Required: A. Record the above transactions in the general journal. B. Open the Allowance for Doubtful Accounts general ledger, and post those journal entries affecting that account. Maintain a running balance in the general ledger account. C. At September 30, 2017, if Savory Sweet Ltd.'s Accounts Receivable balance was $ 440,000 and the Allowance for Doubtful Accounts balance was $ 30,000, demonstrate how Savory Sweet Ltd. would report its Accounts Receivable in a comparative balance sheet for 2018 and 2017. D. On September 30, 2018, if the bad debts expense was based on an estimate of 3% of the accounts receivable balance, instead of the aging of accounts receivable, record in the general journal the September 30, 2018 journal entry for bad debts expense